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COMPACT: a rational expectations, intertemporal model of the United Kingdom economy

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  • Darby, Julia
  • Ireland, Jonathan
  • Leith, Campbell
  • Wren-Lewis, Simon

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  • Darby, Julia & Ireland, Jonathan & Leith, Campbell & Wren-Lewis, Simon, 1998. "COMPACT: a rational expectations, intertemporal model of the United Kingdom economy," Economic Modelling, Elsevier, vol. 16(1), pages 1-52, January.
  • Handle: RePEc:eee:ecmode:v:16:y:1998:i:1:p:1-52
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    References listed on IDEAS

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    1. Ireland, Jonathan & Wren-Lewis, Simon, 1998. "Exchange Rates, Nominal Inertia and Inflation," Scottish Journal of Political Economy, Scottish Economic Society, vol. 45(5), pages 512-527, November.
    2. Bruce C. Greenwald & Joseph E. Stiglitz, 1993. "Financial Market Imperfections and Business Cycles," The Quarterly Journal of Economics, Oxford University Press, vol. 108(1), pages 77-114.
    3. Leith, Campbell & Wren-Lewis, Simon, 2001. " Interest Rate Feedback Rules in an Open Economy with Forward Looking Inflation," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 63(2), pages 209-231, May.
    4. Giovannini, Alberto, 1988. "The real exchange rate, the capital stock, and fiscal policy," European Economic Review, Elsevier, vol. 32(9), pages 1747-1767, November.
    5. Julia Dabry & Rebecca Driver & John Ireland & Simon Wren‐Lewis, 1994. "Controlling credit: The macroeconomic consequences of reversing financial liberalisation," New Economy, Institute for Public Policy Research, vol. 1(2), pages 95-100, June.
    6. Leith, Campbell & Warren, Paul & Wren-Lewis, Simon, 1997. "Interest Rates and the Price Level," Discussion Papers 9709, Exeter University, Department of Economics.
    7. Layard, Richard & Nickell, Stephen & Jackman, Richard, 2005. "Unemployment: Macroeconomic Performance and the Labour Market," OUP Catalogue, Oxford University Press, number 9780199279173.
    8. Wren-Lewis, Simon, et al, 1996. "The Macroeconomic Effects of Fiscal Policy: Linking an Econometric Model with Theory," Economic Journal, Royal Economic Society, vol. 106(436), pages 543-559, May.
    9. Keith B. Church & Joanne E. Sault & Silvia Sgherri & Kenneth F. Wallis, 2000. "Comparative Properties of Models of the UK Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 171(1), pages 106-122, January.
    10. Dornbusch, Rudiger, 1976. "Expectations and Exchange Rate Dynamics," Journal of Political Economy, University of Chicago Press, vol. 84(6), pages 1161-1176, December.
    11. Keith B. Church & Joanne E. Sault & Silvia Sgherri & Kenneth F. Wallis, 2000. "Comparative Properties of Models of the UK Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 171(1), pages 106-122, January.
    12. Nickell, Stephen & Nicolitsas, D., 1994. "Wages," LSE Research Online Documents on Economics 51644, London School of Economics and Political Science, LSE Library.
    13. Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834, January.
    14. Carlin, W & Glynn, A & van Reenen, J, 1997. "Quantifying a Dangerous Obsession? Competitiveness and Export Performance in an OECD Panel of Industries," Papers 9, Centre for Economic Performance & Institute of Economics.
    15. Ireland, Jonathan & Wren-Lewis, Simon, 2000. "Inflation Dynamics in a New Keynesian Model," Manchester School, University of Manchester, vol. 68(1), pages 92-112, January.
    16. repec:sae:niesru:v:145:y::i:1:p:87-107 is not listed on IDEAS
    17. Moghadam, Reza & Wren-Lewis, Simon, 1994. "Are Wages Forward Looking?," Oxford Economic Papers, Oxford University Press, vol. 46(3), pages 403-424, July.
    18. Sargent, Thomas J & Wallace, Neil, 1975. ""Rational" Expectations, the Optimal Monetary Instrument, and the Optimal Money Supply Rule," Journal of Political Economy, University of Chicago Press, vol. 83(2), pages 241-254, April.
    19. Helliwell, J. F. & Higgins, C. I., 1976. "Macroeconomic adjustment processes," European Economic Review, Elsevier, vol. 7(3), pages 221-238, April.
    20. repec:sae:niesru:v:153:y::i:1:p:59-72 is not listed on IDEAS
    21. Wren-Lewis, Simon, 1997. "The Choice of Exchange Rate Regime," Economic Journal, Royal Economic Society, vol. 107(443), pages 1157-1168, July.
    22. Ireland, Jonathan & Wren-Lewis, Simon, 1992. "Buffer Stock Money and the Company Sector," Oxford Economic Papers, Oxford University Press, vol. 44(2), pages 209-231, April.
    23. Julia Darby & Jonathan Ireland, 1994. "Consumption, Forward Looking Behaviour and Financial Deregulation," Working Papers Series 94/5, University of Stirling, Division of Economics.
    24. repec:sae:niesru:v:161:y::i:1:p:91-110 is not listed on IDEAS
    25. Rebecca Driver & Simon Wren‐Lewis, 1995. "Obstacles to EMU," New Economy, Institute for Public Policy Research, vol. 2(4), pages 241-246, December.
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    1. What have Keynesians learnt since Keynes?
      by Mainly Macro in Mainly Macro on 2012-02-12 16:51:00

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    Cited by:

    1. Wallis, Kenneth F., 2008. "Macroeconomic modelling in central banks in Latin America," Documentos de Proyectos 196, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    2. Mitchell, Peter R. & Sault, Joanne E. & Wallis, Kenneth F., 2000. "Fiscal policy rules in macroeconomic models: principles and practice," Economic Modelling, Elsevier, vol. 17(2), pages 171-193, April.
    3. Kenneth F. Wallis & Jan P. A. M. Jacobs, 2005. "Comparing SVARs and SEMs: two models of the UK economy," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 20(2), pages 209-228.
    4. Marcus R. Keogh-Brown & Simon Wren-Lewis & W. John Edmunds & Philippe Beutels & Richard D. Smith, 2010. "The possible macroeconomic impact on the UK of an influenza pandemic," Health Economics, John Wiley & Sons, Ltd., vol. 19(11), pages 1345-1360.
    5. Patrick Minford & Prakriti Sofat, 2004. "An Open Economy Real Business Cycle Model for the UK," Money Macro and Finance (MMF) Research Group Conference 2004 23, Money Macro and Finance Research Group.
    6. Jacobs, Jan & Wallis, Kenneth F., 2002. "Comparing SVARs and SEMs: more shocking stories," Research Report 02C56, University of Groningen, Research Institute SOM (Systems, Organisations and Management).

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